What is Proof of Work (PoW)? All you need to now

What is Proof of Work (PoW)?

Proof of Work (PoW) is a consensus mechanism of the blockchain. Such a mechanism is necessary because the blockchain protocol relies on an effective approach to decentralized exchange. If there are changes in the blockchain, these must be confirmed by a consensus mechanism in order to enable the system to work independently and reliably. In … Read more

Distributed Ledger Technology (DLT): Basics for beginners

distributed Ledger Technology DLT

What distributed ledger technology (DLT) is, how it works, what applications there are, and the biggest differences to blockchain. Distributed ledger technology, or DLT for short, describes a data structure that extends over several computers and is geographically distributed over many locations. The best-known form of application of DLT is the blockchain. This is a data structure … Read more